2025 (9) TMI 942

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....rna Villuri, Sr. AR ORDER PER K. NARASIMHA CHARY, J.M: Aggrieved by the order dated 25/09/2023 passed by the learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi ("Ld. CIT(A)"), in the case of Sarada Devi Tripuraneni ("the assessee"), assessee preferred this appeal. 2. Brief facts of the case are that the assessee made cash deposits to the extent of Rs. ....

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.... preferred an appeal before the learned CIT(A). Learned CIT(A), after considering the submissions of the assessee and the material available before him, directed the learned AO to accept 50% of the cash deposits of Rs. 24,55,030/- which works out to Rs. 12,27,515/- as explained. Thus, the learned CIT(A) partly allowed the appeal of the assessee. Hence, the assessee is in appeal before us. 4. Le....

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....er contra, Learned Departmental Representative ("learned DR") vehemently relied upon the orders of the lower Authorities. 6. The core issue involved in this appeal is whether the assessee's explanation with regard to the source of cash deposit made during the demonetization period is acceptable? On this issue, the contention of the learned AR is that the assessee is financially supported by....